CAD falls as Liberal party swept into power – Investec

FXStreet (Delhi) – Research Team at Investec, note that the Canadian Dollar weakened on the day of their domestic elections as the centre-left Liberal Party swept into power with an overall majority, following nine years of Conservative rule.

Key Quotes

“The fall in the loonie could have been a response to Liberal Party positions on spending and taxes. The Bank of Canada interest rate decision is also looming later this week and may have investors nervous of more policy easing to come.”
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